If a Local Government Collects Taxes of $500,000,has $350,000 of Government

Multiple Choice

If a local government collects taxes of $500,000,has $350,000 of government consumption expenditures,makes transfer payments of $100,000,and has no interest payments or investment,its budget would

A) show a surplus of $150,000.
B) show a surplus of $50,000.
C) be in balance with neither a surplus nor a deficit.
D) show a deficit of $50,000.